31-12-2022
Business

Answered

The Peace River Corporation has 52,000 shares of stock outstanding at a market
price of $41 a share. The company has just announced a stock split of five-for-three.
How many shares of stock will be outstanding after the split?
A) 66,667 shares
B) 31,200 shares
C) 52,000 shares
D) 86,667 shares
E) 62,400 shares

Answer :

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